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Airline stocks have been losing ground throughout 2011 but many appear to be striking a balance in terms of compensating for the higher overhead caused by a rise in jet fuel prices.

The Italian Parliament definitely cleared on Wednesday a 54-billion-euro emergency budget plan aimed at balancing public finances by 2013 to shield the country from the risk of a debt crisis.

Oil-producing Russia should take advantage of high commodity prices to restructure its economy, the International Monetary Fund's executive board said Wednesday in its annual country survey.

The Canadian Dollar remains intimately tied to the broad trends in investors' risk appetite, with prices continuing to show a strong correlation with the S&P 500. In fact, the relationship goes beyond USDCAD, with a trade-weighted index of the Canadian unit's average value against its leading counterparts likewise showing a significant relationship with the benchmark equity index.

The U.S. Treasury Department Wednesday announced that 61 community banks across the country received a total of 608 million dollars as part of the next wave of funding provided through Small Business Lending Fund,(SBLF), to help small businesses grow and create new jobs.

U.S. stocks continued their rallies in morning trading on Thursday after major central banks agreed to inject dollar liquidity to the market in an coordinated effort.

Gold futures slid to their lowest levels in three weeks Thursday, as a global effort to boost the liquidity of European banks slashed demand for the precious metal as a haven.

China's retail market is still growing at a rate of about 17% and Esprit thinks that it can double its sales in the country from last year's HKD793m by 2015.

Oil prices closed in on $90 per barrel on the New York Mercantile Exchange after a three-day rally on Wall Street and a sharp decline in U.S. inventories.